“We have many potential buyers. There is a huge interest in Tiktok,” Trump told reporters on Sunday, According to Reuters. “The decision will be my decision, as you know, by Congress. They gave me the power to make the decision. “
The fate of the app, which is used by almost half of all Americans, has been uncertain since a law of April 2024 obliged itself that bytedance was disinhered by Tiktok by January 19, 2025.
Mortgage companies are among the many business sectors that can be influenced by a sale or ban on Tiktok. Some told before Housing That the loss of the social media app would be harmful to the efforts of the consumer range.
“Every loan officer has his own means to reach brokers and potential borrowers. In our organization we have a small percentage of loan officers who really use to reach these people via social platforms,” Lindsi Flynn, Director of Marketing at Assurance Financialsaid in December.
“Those who do, that is their most important source of reference. And I believe that Tiktok is a special place because the algorithm places you for a network of people that you may never have met before. It can help strengthen brand consciousness.”
The Original idea to ban the app produced during Trump’s first term.
In August 2020 he signed an executive order that forbade American companies from every “transaction” with Bytedance and its subsidiaries, including Tiktok. A few days later, Trump published a second order in which he demanded that bytedance will adjust to Tiktok’s American activities within 90 days.
After Joe Biden took office at the beginning of 2021, action against Tiktok did not significantly entered the game to the House of Representatives Tiktok Ban-Or-Sell Bill applied in March 2024.
The company said earlier that divestment was not an option and that the law goes against the first amendment rights of both the company and the American users of Tiktok.
The Supreme Court ruled that the ticking ban could come into force in January. But Trump-Die had asked the judges to postpone the deadline so that he could negotiate an executive order that the app granted an extension of 75 days over a deal.
Reuters too reported Last week that private equity company Blackstone Evaluates a small minority investment in the American activities of Tiktok. The move is said to mean that creating a new entity and diluting Chinese ownership in the new company for less than the 20% threshold required by American legislation.
